SomaApp

SomaApp is a scholarship-matching app.

Sector: Education

Country: Tanzania

Founding date: Jun 2016

Stage: Paying users

SomaApp is a scholarship-matching app that lists and matches students with thousands of domestic and international FULLY FUNDED scholarships. Student enters their academic qualifications and somaApp search engine matches them with scholarships they qualify for in a second. 450 scholarships won

Founder

Isaya Yunge

Isaya uses mobile software to address the needs of African communities. He is the founder and chief executive at Somaapps Technologies, which created SomaApp- a mobile app that is revolutionizing how scholarships are offered in Africa. Isaya won The Queens Young Leaders Award 2018.

You will not be under any payment commitment by clicking on the "I am interested in investment" button, and you will only let Etohum learn your interest in investing in the related Project. In this context, Etohum also declares and undertakes that it does not collect money in any way through the Website or Mobile Application.

Once you approve this form, detailed information about the initiative will be delivered to you, through the contact information you have provided, by Etohum regarding the initiative you are interested in.

We want to remind you that investments involve a commercial risk, and a commitment to pay your investment amount or a higher amount never be made to you as a natural consequence of commercial life, and that it is a convenient way to distribute your money to different investments with different risk types in order to reduce your total risk.

Thus, we recommend you carefully read and consider the following points before taking an investment decision.

In this context, we remind you that the investment to be made in the Projects involves commercial risks, that there is not a definite income or dividend commitment within the scope of this investment, and that you may not recovering whole or part of the investment amount.

Investment Diversification

Diversifying investments means distributing your money to different investments with different risk types in order to reduce your total risk, but even it does not completely remove your total risk.

Rarity of dividends

Dividends are payments made by a business to its shareholders from the company’s profits. Most of the companies pitching on the Etohum website are start-ups or early stage companies and these companies will rarely pay dividends to their investors. This means that you are unlikely to see a return on your investment until you are able to sell your shares.

Profits are typically re-invested into the business to fuel growth and build shareholder value. Business have no obligation to pay shareholders dividends.

Dilution

Any investment in shares may be subject to dilution in the future. Dilution occurs when a company issues more shares. Dilution affects every existing shareholder who does not buy any of the new shares being issued. As a result an existing shareholder’s proportionate shareholding of the company is reduced, or ‘diluted’, this has an effect on a number of things including voting, dividens and value.